|
Index Services Professionals Links Company Contact Us Privacy Policy |
||
|
Government Services |
||
|
The Federal government requires all organizations with Federally-funded contracts to comply with numerous regulations. Government audit agencies often interpret these regulations solely for their own benefit, and ignore the consistency applied by organizations as they develop and implement their accounting systems to comply with these regulations. Yano Accountancy Corporation assists organizations with Federally-funded contracts to develop accounting systems and procedures that comply with the various Federal regulations, and to evaluate and respond to audit findings that question incurred and billed costs. We also assist in the design and preparation of Cost Allocation Plans to comply with federal regulations regarding support for indirect costs billed on Federally-funded projects. The best indicators of the quality of our services are examples of how we have met our clients’ recent needs. General
Contractor A general contractor with a Canadian parent had a federally-funded contract. An audit agency questioned over $2 million of indirect costs billed by the general contractor. A Yano Accountancy Corporation principal evaluated the questioned costs and the company’s overall cost management system. As a result, not only were substantially all of the questioned costs deemed allowable, but an additional $2 million of allowable indirect costs were also identified, resulting in an increase in allowable indirect costs of more than $4 million. Construction
Manager A Yano Accountancy Corporation principal had developed and implemented this company’s Cost Allocation Plan. An audit agency questioned over $200,000 of indirect costs that the company insisted were allowable. A Yano Accountancy Corporation principal evaluated the audit findings, and assisted in the preparation of responses that were used in the initial response and at the ultimate arbitration of the issues. The arbitrator found that less than $1,000 should be refunded to the agency to due interpretations of the Federal regulations. Educational
Institution A government audit agency questioned more than $450 million of costs billed on various federally-funded grants and cooperative agreements over a number of years. A Yano Accountancy Corporation principal evaluated the auditors’ methodologies to determine the questioned costs as part of an integrated effort to refute the findings. The ultimate amount refunded to the government was less than $10 million. City
Government An audit agency questioned approximately $50 million of direct and indirect costs incurred on a Federally-funded wastewater treatment plant. A Yano Accountancy Corporation principal evaluated the audit findings and assisted in preparation of the responses. As a result, more than 90% of the questioned costs were deemed allowable. Find
Out More Contact Eugene Yano for more information at +1 (415) 981-9970 or via e-mail. Read about another service group Litigation Consulting and Forensic Accounting |
||
|
All text and graphics @2005-2007 Yano Accountancy Corporation. All rights reserved. |
||